Comprised of over 30,000 solar panels, Spartan is one of the largest solar systems recently developed in the State of New Jersey. Spartan will generate approximately 13,700 megawatt-hours in its first year of operation, enough electricity to offset the CO2 emissions equivalent from burning over 10 million pounds of coal.
Working with local solar developers and landowners, Altus Power invests its capital to pursue early and late stage opportunities, adding development and design expertise with the purpose of constructing solar projects and holding them for the long term.
"Altus is thrilled to have worked in collaboration with a New Jersey-based developer and North Hanover Township on the planning and realization of the Spartan solar project, supporting local construction jobs and making serious contributions to New Jersey's renewable energy goals," said Lars Norell, President of Altus Power. "We like investing in New Jersey and are currently pursuing several rooftop and landfill solar projects in the state," concluded Mr. Norell.
About Altus Power America
Altus Power America, Inc. is a Greenwich, Conn. based company that invests in, owns and operates clean energy projects that provide renewable energy and solar savings to commercial and public sector clients. Altus is funded by Goldman Sachs, Global Atlantic Financial Group and FS Investments (sub-advised by GSO Capital Partners, a Blackstone Group company). Visit www.altuspower.com to learn more.
This article was originally posted here